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Neighborhood Stabilization Program 1

Franklin County was awarded $5,439,644 of NSP funds from HUD. This funding is provided through HUD's Community Development Block Grant (CDBG) program.

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Quarterly Performance Reports

2011

Neighborhood Stabilization Program 2

A Notice of Funding Availability (NOFA) was published by the U.S. Department of Housing and Urban Development (HUD) on May 4. 2009 under the American Reinvestment and Recovery Act of 2009 (Public Law 111-005) (Recovery Act) for additional activities under Division B, Title III of the Housing and Economic Recovery Act of 2008 (Public Law 110-289) (HERA), as amended, for the purpose of assisting in the redevelopment of abandoned and foreclosed homes under the Emergency Assistance for Redevelopment of Abandoned and Foreclosed Homes heading, referred to as the Neighborhood Stabilization Program 2 (NSP2).

The City of Columbus is the Lead Applicant in a local consortium that is responding to abovementioned NOFA. The NSP2 Consortium is an association of eight organizations and government entities pooling their resources and services for achieving a common goal: Creating vital, healthy neighborhoods by implementing strategies that build a stronger housing real-estate market in weak-market areas of Columbus and Franklin County. Members of the NSP2 Consortium include:

  • The City of Columbus Lead Applicant for the NSP2 Consortium Franklin County
  • Affordable Housing Trust of Columbus and Franklin County Campus Partners
  • Columbus Housing Partnership
  • Columbus Metropolitan Housing Authority
  • Community Development Collaborative of Greater Columbus
  • Habitat for Humanity of Greater Columbus

The Consortium was awarded $23,200,773 in NSP2 funds, which is distributed among Consortium members through individual funding agreements. Franklin County received $3,412,500 of this allocation and will award contracts for the acquisition, rehabilitation, and redevelopment of affordable housing units on vacant, foreclosed, and/or abandoned properties.

For more information concerning the county's portion of the application, please contact Rollin Seward, Franklin County Economic Development and Planning Department. 150 South Front Street, FSL Suite 10, Columbus, Ohio 43215-7104, phone 525-5562 between the hours of 8:00 A.M. and 5:00 P.M., or e-mail, reseward@franklincountyohio.gov.

For more information and to provide public comment, please contact Philip Carter, City of Columbus Department of Finance and Management, 90 W. Broad Street, Room 406, Columbus, Ohio 43215, phone 645-7492 between the hours of 8:00 A.M. and 4:00 P.M., or e-mail, pdcarter@columbus.gov.

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Foreclosure Summit Presentation and Foreclosure Data

The foreclosure crisis has surfaced at both a local and national level. At the national level, a comprehensive approach from the lending industry is needed to ensure homeownership preservation, with participation from leading mortgage lenders, investors, loan servicing organizations, and consumer advocates to address the foreclosure crisis from a financial standpoint. However, the very real and tangible effects of the foreclosure crisis require an immediate and comprehensive plan to address the ways in which the crisis affects the local housing market, and how these trends specifically affect Franklin County neighborhoods. In response, the Columbus and Franklin County Foreclosure Working Group is advocating a comprehensive approach to address the issue directly and to mitigate the effects of foreclosure on neighborhoods throughout Franklin County.

The Working Group was formed with the goal of generating an advisory plan for Columbus and Franklin County that will:

  1. Prevent neighborhood decline associated with foreclosure in traditionally stable markets across Central Ohio;
  2. Address the issue of backslide due to foreclosure in "tipping point" neighborhoods; and,
  3. Focus resources in neighborhoods traditionally targeted by revitalization efforts, preventing further disinvestment and decline due to the foreclosure crisis.

On June 23, 2008, a Foreclosure Summit was held to highlight the issue of foreclosures throughout Franklin County, presenting data on best practices for neighborhood stabilization to an audience of both private and public sector participants. Discussion topics included models, funding, anchors and community assets, and neighborhood stabilization strategies.

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